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Future Looks Bright For Housing, But Short Term Roadblocks May Exist

February 10, 2011 3:23 PM | Posted by Miller Nash LLP | Print this page

Millenials appear to be more optimistic about the long term prospects for housing. Trulia conducted a survey across the age spectrum and concluded that those between the ages of 18-34 ("Millenials") were the most optimistic about a housing recovery. This should be welcome news looking for a housing recovery as this generation demographically speaking has a lot of potential purchasers. But real estate prices may still languish in 2011 because according to some there will be approximately two million foreclosures this year. Then again an article published today proclaims that the housing foreclosures slowed to the lowest level in three years.